LYNN Y SUPPORT INC

EIN: 820966815 501(c)(3)

LYNN, MA

Total Revenue
$713,333
Total Expenses
$1,162,068
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MA
Principal Officer
KATHLEEN WALSH
Phone
9787753701
Tax Period
2024-01-01 to 2024-11-21

LYNN Y SUPPORT INC, founded in 2017, is a small nonprofit that reported $713K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 63% operating deficit.

Mission

TO REHABILITATE, CONSTRUCT AND EXPAND THE YMCA LOCATED IN LYNN, MA. ALSO, TO SUPPORT THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF METRO NORTH, INC. AND DEVELOP, INITIATE, AND OPERATE PROJECTS THAT ARE CONSISTENT WITH COMMUNITY NEEDS IN THE GREATER LYNN AREA.

Program Service Accomplishments

Program 1
Expenses: $1,162,068

DEMAKES FAMILY YMCA PROJECT - THE DEMAKES FAMILY YMCA PROJECT CONSISTS OF DEVELOPING AND CONSTRUCTING A NEW 70,000 SQUARE FOOT BUILDING ADJACENT TO THE EXISTING LYNN YMCA. THE NEW LYNN FACILITY WILL...

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DEMAKES FAMILY YMCA PROJECT - THE DEMAKES FAMILY YMCA PROJECT CONSISTS OF DEVELOPING AND CONSTRUCTING A NEW 70,000 SQUARE FOOT BUILDING ADJACENT TO THE EXISTING LYNN YMCA. THE NEW LYNN FACILITY WILL INCLUDE A HEALTH AND WELLNESS CENTER, A FAMILY ADVENTURE AND CHILD WATCH CENTER, A FAMILY AQUATICS CENTER, A GYMNASIUM, AN INDOOR TRACK, A COMMERCIAL KITCHEN, A LICENSED PRE-SCHOOL EARLY LEARNING CENTER, A TECHNOLOGY LAB, LOCKER ROOMS AND SIGNIFICANT COMMUNITY MEETING SPACE. THE DEMAKES FAMILY YMCA WILL HAVE THE PHYSICAL SPACE TO OFFER MORE COMPREHENSIVE PROGRAMS TO ADDRESS CRITICAL EDUCATIONAL, HEALTH, COMMUNITY AND SAFETY ISSUES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $115
Other Revenue $713,218
TOTAL REVENUE $713,333

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,162,068
Other Expenses $1,162,068
TOTAL EXPENSES $1,162,068

Year-over-Year Comparison

2024 2023 Change
Revenue $713,333 $975,434 -0.3%
Expenses $1,162,068 $988,329 +0.2%
Net Income $-448,735 $-12,895 +33.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$614,312
Total Directors
7
$614,312
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE MACDONALD DIRECTOR 2.00
Director
$0 $0 $0
DAN CLASBY TREASURER 2.00
Officer Director
$0 $0 $0
LISABETH LAFONTAINE CLERK 2.00
Officer Director
$0 $277 $2,584
STEVE HENDRICKSON DIRECTOR 2.00
Director
$0 $0 $0
MARY SARRIS DIRECTOR 2.00
Director
$0 $0 $0
KATHLEEN WALSH PRESIDENT 2.00
Officer Director
$0 $42,157 $382,256
LISA FERRARO DIRECTOR 2.00
Officer Director
$0 $34,332 $229,472
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $713,333 $1,162,068 No data $-448,735
2023 $975,434 $988,329 $26,796,232 $-12,895
2022 $1,239,569 $1,011,542 $27,510,332 $228,027
2021 $679,018 $690,866 $28,224,004 $-11,848
2020 $67,088 $12,919 $29,387,797 $54,169
2019 $228,030 $12,849 $27,085,437 $215,181
2018 $160,036 $12,844 $25,812,946 $147,192
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